Bill > S06544

This bill amends the general municipal law and the public authorities law to make housing a policy of the state of New York. The key provisions of the bill are: 1. It declares the policy of the state to promote the development of affordable, workforce, and senior housing in addition to other economic development goals. 2. It expands the definition of "project" in the law to include housing facilities that can be supported by industrial development agencies and public authorities. 3. It requires that the cost-benefit analysis for projects consider the contribution to the state's housing goals, including increasing the supply of affordable, workforce, and senior housing. 4. It directs industrial development agencies and public authorities to consider the extent to which proposed projects will bring additional housing units to the market when establishing their uniform tax exemption policies. The overall aim of the bill is to encourage and prioritize the development of more housing options, including affordable, workforce, and senior housing, as part of the state's economic development efforts.

Government Affairs

https://www.nysenate.gov/legislation/bills/2023/S6544